Alliance Laundry Holdings, a portfolio company of Ontario Teachers’ Pension Plan which is managed by its private equity investment division Teachers’ Private Capital, has acquired Primus Laundry Equipment Group. Completion of the transaction is expected by the end of March.
Primus Laundry Equipment Group markets commercial washer-extractors, tumbler dryers, ironers and feeding and folding equipment under the Primus, Lavamac and Deli brands. Primus had revenues of approximately EUR 87 million ($119 million) in 2013. The Group is headquartered in Gullegem, Belgium with production facilities in Pribor, Czech Republic and Guangzhou, China; and sales offices in Lyon, France; Dubai, UAE; and Barcelona, Spain; and Hong Kong (www.primuslaundry.com).
Alliance Laundry Holdings is the parent company of Alliance Laundry Systems, a designer, manufacturer and marketer of commercial laundry equipment used in laundromats, multi-housing laundries and on-premise laundries. Alliance’s washing machines and dryers have load capacities from 12 to 200 pounds. Brand names include Speed Queen, UniMac, Huebsch, IPSO and Cissell. Certain of the company’s commercial products are also sold in the consumer laundry marketplace. Alliance’s has approximately 1,900 employees and had revenues in 2012 of approximately $500 million. The company is based in Ripon, WI (www.alliancelaundry.com).
Teachers’ Private Capital is one of the world’s largest private equity investors, having participated as a long-term investor in numerous management buyouts in Canada, the United States and Europe. It is the private investment division of the Ontario Teachers’ Pension Plan, the largest single-profession pension plan in Canada. Teachers’ Private Capital is based in Toronto with offices in New York and London (www.teachersprivatecapital.com).
© 2014 PEPD • Private Equity’s Leading News Magazine • 2-14-14